British American Tobacco (BAT) has announced its decision to sell its Russian and Belarusian businesses to a consortium led by its Russian management team, bringing an end to an 18-month-long process. This move follows BAT’s commitment to exit Russia, the world’s fourth-largest cigarette market, in March 2022, in response to Moscow’s invasion of Ukraine. Western … Read more
Nike joins a growing list of Western companies pulling out of Russia over Ukraine. Nike says it will not reopen the stores and stop selling its products in Russia. It added that its website and app will no longer be available in the country. Nike said Thursday it will be permanently leaving the Russian market … Read more
German purchaser goods group Henkel, which incorporates the beauty logo Schwarzkopf and Pritt adhesive, said Tuesday it would be a part of a string of other organizations leaving the Russian marketplace. Henkel has “determined to go out its enterprise activities in Russia”, in which it employs 2,500 people, the agency stated in an announcement. The … Read more
Indian software massive Infosys said Wednesday it become “transitioning” out of the Russian marketplace following the Ukraine battle and battle of hobby accusations levelled at Rishi Sunak, the British finance minister. Sunak’s wife Akshata Murty holds an almost $1 billion stake in the IT firm, which become based through her father N.R. Narayana Murthy and … Read more
Nokia will tug out of the Russian market, meaning firing some 2,000 staff the Finnish telecoms suppliers have in the country, the company said Tuesday. The report comes a day after competitor Ericsson decided to suspend its task in the country indefinitely. Hundreds of major Western companies have declared the suspension of their tasks or … Read more
Mila Grekova, a Russian who had spent years interpreting Hollywood films, was unexpectedly laid off following Moscow’s military action in Ukraine. Disney, Warner Bros., Universal, Sony Pictures Entertainment, and Paramount have all ceased distributing new films in Russia, leaving Russian theatres without the newest blockbusters. Grekova, on the other hand, has not turned against President … Read more
ISLAMABAD: The Ural Chamber of Commerce and Industry and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have signed a memorandum of understanding (MoU), creating further economic and trade cooperation opportunities between the two countries. The Ural Chamber of Commerce and Industry was represented by its vice president Mikhail Kozlov and the FPCCI … Read more
